Banijay Entertainment and All3Media have completed their merger, creating a large independent production and distribution company. Multiple outlets report the combined deal is valued at about $8 billion (with one source describing it as $8.5 billion). The transaction brings together content assets from Banijay and RedBird IMI, which owns All3Media, and the parties say the Euro regulatory process is wrapped. The new company is called Banijay Entertainment, led by CEO Marco Bassetti and chairman Jeff Zucker.

The merged entity is headquartered in London, combining Banijay’s production portfolio and formats with All3Media’s catalog and distribution operations. Sources cite a catalogue of roughly 265,000 hours and highlight that the company makes and sells major titles and franchises including “The Traitors,” “Big Brother,” “MasterChef,” and “Peaky Blinders.”

Commentary around the completion also touches on strategic priorities, including how the combined scale may support growth beyond traditional TV production and distribution, in the context of broader changes to the UK TV market following other recent deals.